Turks and Caicos Islands: Inflation, GDP deflator (annual %)
In , Turks and Caicos Islands's Inflation, GDP deflator (annual %) was 0.83.
That's up 77.7% from 2023, the highest value since .
The global average for this indicator in 2024 was 13.69 . Turks and Caicos Islands ranks #169 globally out of 193 reporting countries. Within Latin America & Caribbean, it ranks #33 of 38.
Source: World Bank Open Data (NY.GDP.DEFL.KD.ZG) • Data as of 2024
Trend (2008–2024)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 17.32
- Trough
- -42.92
- 1-year change
- +77.7%
- 5-year change
- +243.6%
- 10-year change
- -56.9%
- -8.1% / yr
Historical Data — Last 10 Years
| Year | Inflation, GDP deflator (annual %) |
|---|---|
| 0.8294 | |
| 0.4668 | |
| 1.6644 | |
| 3.8605 | |
| 1.1526 | |
| -0.5774 | |
| 2.7741 | |
| -42.9186 | |
| 3.9445 | |
| 1.2613 |
About Inflation, GDP deflator (annual %)
Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency.
Indicator code: NY.GDP.DEFL.KD.ZG • Category: Economy
Frequently asked questions
- What was Turks and Caicos Islands's Inflation, GDP deflator (annual %) in 2024?
- In 2024, Turks and Caicos Islands's Inflation, GDP deflator (annual %) was 0.83, according to World Bank Open Data.
- Is Turks and Caicos Islands's Inflation, GDP deflator (annual %) rising or falling?
- Turks and Caicos Islands's Inflation, GDP deflator (annual %) rose 77.7% from 2023 to 2024.
- How does Turks and Caicos Islands rank globally on Inflation, GDP deflator (annual %)?
- In 2024, Turks and Caicos Islands ranked #169 out of 193 countries reporting Inflation, GDP deflator (annual %).
- How does Turks and Caicos Islands's Inflation, GDP deflator (annual %) compare to the world average?
- The global average for Inflation, GDP deflator (annual %) in 2024 was 13.69, so Turks and Caicos Islands is below the world average. Within Latin America & Caribbean, it ranks #33 of 38.
- What is Inflation, GDP deflator (annual %) and how is it measured?
- Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency.
Source: World Bank Open Data (NY.GDP.DEFL.KD.ZG), CC BY 4.0.